4 out of 10 Singaporeans Hold Cryptocurrency

In the latest study[1] by Independent Reserve, Singapore’s first regulated cryptocurrency exchange for all investors, Singaporeans[2] are still actively investing in cryptocurrency despite a hit in overall confidence. The nation scored 55[3] on the IRCI this year, a decline from last year’s score of 61.

Highlights

• Singapore scored 55 out of 100, indicating a hit to respondents’ confidence in cryptocurrency.
• 44% of Singaporeans hold at least 10% of cryptocurrency in their portfolio, where 46% invest up to $1,000 per month on cryptocurrency.
• Bitcoin is the most popular block of cryptocurrencies, with 51% awareness of blockchains, 51% of all block coins.
• Bitcoin remains the most aware of cryptocurrencies among general residents of Singapore residents, with 91% of general awareness of cryptocurrencies rising to 90% this year.
• The nation scored 55[3] on the IRCI this year, a decline from last year’s score of 61, a dip in confidence attributed to the difficult year the industry had in 2022.

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